September 24, 2016 $ Apple Inc. CONSOLIDATED BALANCE SHEETS (In millions, except number of shares which are reflected in thousands and par value) September 30, 2017 ASSETS Current assets Cash and cash equivalents $ 20,289 Short-term marketable securities 53,892 Accounts receivable, less allowances of $58 and 553, respectively 17,874 Inventories 4,855 Vendor non-trade receivables 17.799 Other current assets 13,936 Total current assets 128,645 Long-term marketable securities 194,714 Property, plant and equipment, net 33,783 Goodwill 5,717 Acquired intangible assets.net 2.298 Other non-current assets 10,162 Total assets 375,319 20,484 46,671 15,754 2,132 13.545 8,283 106,869 170,430 27.010 5,414 3.206 8,757 321.686 49.049 25.744 7.548 37.294 22.027 11.977 6.496 100,814 2.836 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable Accrued expenses Deferred revenue Commercial paper Current portion of long-term debt Total current liabilities Deferred revenue, non-current Long-term debt Other non-current liabilities Total liabilities Commitments and contingencies Sharcholders' equity Common stock and additional paid-in capital, S0.00001 par value: 12.600,000 shares authorized: 5.126,201 and 5,336,166 shares issued and outstanding respectively Retained carnings Accumulated other comprehensive income (less) Total shareholders equity 8.105 3.500 79.006 2,930 75.427 36,074 193.437 97.207 40.415 241.272 31.251 96.44 35,867 98.330 (150) 134.047 128.249 on.com/Media/ Production/bhe/wild_tap_24e/appe 40,415 241,272 36,074 193,437 Other non-current liabilities Total liabilities Commitments and contingencies Shareholders' equity Common stock and additional paid-in capital, 50.00001 par value: 12,600,000 shares authorized: 5,126,201 and 5,336,166 shares issued and outstanding, respectively Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity Total liabilities and shareholders' equity See accompanying Notes to Consolidated Financial Statements. 31.251 96,364 35,867 98,330 (150) 134.047 375,319 128.249 321.686 Required 1 Required 2 Required 3 Required 4 Compute the current ratio and acid-test ratio as of September 30, 2017, and September 24, 2016. 2017 S millions Current Ratio Acid-Test Ratio Current Ratio 2016 Acid-Test Ratio $ 20,289 53,892 17,874 4,855 Current assets Cash and equivalents Short-term marketable sec Accounts receivables, net Inventories, net Vendor non-trade receivables Other current assets Total current assets Total quick assets Total current liabilities Ratio 20.484 46,671 15.754 2,132 13,545 8,283 106,869 17 799 13,936 128.645 $ $ s S 0 S $ 0 100.814 0.00 $ 128.645 1.00 S 106.869 1.00 79,006 0.00 Prev 1 of 4 Next